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What is a Coworking Space Agreement ?

Coworking space means when people engaged in different business lines assemble together at a common space to work. The people so assembled work independently of each other. It is different from a typical office environment because the people who are working under a common roof do not belong to the same company. Coworking is the situation in which several workers from different companies share an office space, allowing cost savings and convenience through the use of common infrastructure, such as equipment, utilities, and receptionist and custodial services. In co working arrangements, the business gets to share the amenities like WiFi, printers, conference room, pantry, common area.

Why is it important ?

Working under a co working arrangement offers following benefits to the businesses.

1. No long term lease arrangements are to be made.

2. Cost saving in terms of rent, service cost .

3. The co working agreements are less complex.

4. It helps in the growth of business through networking.